Invesco California Value Municipal Income Trust (NYSE:VCV) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Invesco California Value Municipal Income Trust (NYSE:VCV) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.67 and traded as high as $11.23. Invesco California Value Municipal Income Trust shares last traded at $11.13, with a volume of 189,070 shares changing hands.

Invesco California Value Municipal Income Trust Price Performance

The stock’s fifty day simple moving average is $10.60 and its 200-day simple moving average is $10.67.

Invesco California Value Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a dividend of $0.0646 per share. This represents a $0.78 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend is Friday, January 17th.

Hedge Funds Weigh In On Invesco California Value Municipal Income Trust

A number of large investors have recently modified their holdings of VCV. International Assets Investment Management LLC lifted its position in shares of Invesco California Value Municipal Income Trust by 989.0% in the 3rd quarter. International Assets Investment Management LLC now owns 22,869 shares of the investment management company’s stock worth $249,000 after buying an additional 20,769 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Invesco California Value Municipal Income Trust in the second quarter worth $356,000. Commonwealth Equity Services LLC increased its position in shares of Invesco California Value Municipal Income Trust by 40.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 124,653 shares of the investment management company’s stock valued at $1,299,000 after purchasing an additional 36,129 shares during the period. SteelPeak Wealth LLC acquired a new stake in shares of Invesco California Value Municipal Income Trust in the third quarter valued at $144,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Invesco California Value Municipal Income Trust by 138.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 36,220 shares of the investment management company’s stock worth $377,000 after acquiring an additional 21,039 shares during the period. 18.80% of the stock is currently owned by hedge funds and other institutional investors.

Invesco California Value Municipal Income Trust Company Profile

Invesco California Value Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, Invesco Asset Management (Japan) Limited, Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc It invests in the fixed income markets of the United States.